Although the Itronics Inc (OTCMKTS:ITRO) stock was trading in a range on Thursday, it is also necessary to keep in mind that the company actually made an important announcement yesterday and investors could take a look into it.
On Thursday, ITRO stock ended flat at $0.0010 with 120 shares, compared to its average volume of 980 shares. The stock moved within a range of $0.0010 – 0.0010 after opening trade at $0.0010.
The company provided an update with regards to the latest progress that it had made to the shareholders. It was announced that up until April 30 this year, the sales of fertilizers had hit $1,077,736 and that had worked out to a year on year rise of as much as 128% from the year ago period.
However, that was not all. The company also noted that the availability of raw materials for the GOLDNGRO fertilizers had also improved considerably in recent times. The founder and president of the company Dr John Whitney noted that the rise in demand for the GOLDNGRO fertilizers from Itronics was a major development and could well prove to be a major new opportunity.
The company also announced that the audits into its financial statements were in progress. Once the filings are current with the United States Securities and Exchange Commission, the stock will recommence trading as well. It may be a good time to keep an eye on it.
“I would like to thank our investors for their continued support. Our “Zero Waste Energy Saving Technology” is designed to make the world cleaner and greener, while continuing our drive toward profitability.”
ITRO stock is trading below the 20-Day and 50-Day Moving averages of $0.0196 and $0.0080 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 41.